QFI Quant – Spring 2021 Syllabus Changes

Today the SOA released the new QFI Quant syllabus for 2021. The changes are described below. Overall this is a small to moderate amount of changes to the syllabus.
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1. QFIQ-129: Negative Interest Rates and Their Technical Consequences, AAE, 12/2016
2. QFIQ-130: Interest Rate Models – Theory and Practice, Second Edition, Brigo, Damiano and Mercurio, Fabio, 2006, sections 4.2.1, 4.2.2, and 4.2.5 only
3. QFIQ-131: Beyond LIBOR: A Primer on the New Reference Rates, BIS, March 2019
4. QFIQ-132: Investment Instruments with Volatility Target Mechanism, Albeverio, Steblovskaya, and Wallbaum, 2013
5. QFIQ-133: IAA, Stochastic Modeling, Theory and Reality from and Actuarial Perspective., Section IV.A.1-8
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1. QFIQ-127: Proxy functions for the projection of Variable Annuity Greeks
2. QFIQ-123: The Impact of Stochastic Volatility on Pricing, Hedging and Hedge Efficiency of Withdrawal Benefit Guarantees in Variable Annuities
3. QFIQ-125: Guarantees and Target Volatility Funds